Kenmore Euro Share Discussion Threads

[ydderf] 06/9/2009 12:58

sold mine at 36p - in the short term, I can't see what will drive them now that the income is under 5%

[gconvery] 04/9/2009 16:53

hmm, seems to be suffering a bit this one....just a retracement?

[nickcduk] 28/8/2009 08:43

Just trying to get my head around the underlying earnings figures. I seem to have them at a pretty high level. Anyone else have some ballpark figures to compare with.

[gconvery] 28/8/2009 08:20

seems a reasonably confident statement and they seem to be doing all the right things, I anticipate a quiet push on from here.

[cdswift] 28/8/2009 07:38

NAV 75p, so still trading at 50% discount. disposals bringing LTV down to 60%, so it doesn't look like they will breach covenants.

[martincc] 27/8/2009 09:50

Seems to be a seller at 36.75, but equally keen buyer mopping them up.

[crawford] 27/8/2009 09:37

MERE takeover approach, the whole sector is rising.

[crawford] 25/8/2009 11:06

Nice to be on a quiet board ahead of results.

[nickcduk] 24/8/2009 09:32

Results out this week I believe.

[crawford] 24/8/2009 09:01

What a great start!

[johnv] 22/8/2009 21:54

talk in the papers about euro being overvalued, how will a drop in the euro/£ rate affect their results and the sp?

[crawford] 22/8/2009 09:36

Bought yesterday.

[ydderf] 04/8/2009 16:08

all properties firm recently, KEIF has some catching up to do on a comparative basis, even before considering its exceptional merits, this is one of the few reits where directors have bought substantially..... a valuation in line with the equally well financed IFD would have it at 55-60p

[nickcduk] 20/7/2009 12:45

No trades gone through on the order book so that is why ADVFN are quoting the price change incorrectly. That large trade should mean we have a decent floor around the current price. I guess you could start looking at KEIF and ask yourself whether it should be trading on such a large discount to its other Euro peers. Hansteen, ALPH and AXA property trust spring to mind as trading on much narrower discounts to NAV.

[skyship] 20/7/2009 12:09

ADVFN pricing incorrect showing 19.5p middle! Actually we're 23.0p - 24.5p. That's +24%, so should be No.3 on the leaderboard!!

Interesting 1.1m trade @ 23.625p...

[skyship] 20/7/2009 09:10

Yet another great disposal by KEIF - another major step forward in the ongoing deleveraging & derisking process. Up 10% today; but a lot further to run. LTV Headroom was c.13% before this sale of 15% of the portfolio at just a 4% discount to the Q1'09 valuation. Headroom now sufficient to place us into secure territory at this stage of the cycle. Still at a massive 75%+ NAV discount.

Nickduk says on the cp+ thread that EPS should now be in the range of 3.0p/3.5p; so plenty of room for more than 1.5p divi this year.

30p here we come....

[explorer88] 08/5/2009 11:44

In commercial property : BXTN and IERE

Elsewhere : RCG (broker note out today) and SFT

[flying pig] 08/5/2009 11:23

Any suggestions explorer88?

[explorer88] 08/5/2009 11:12

sold KEIF, better opportunities elsewhere.

[timanglin] 24/4/2009 14:11

as the pound tanks, this is looking better every day, some slight reservations over the occupancy rates(88.6% in the dec report) and the hedging, however you are not the only holder...we could do with an updated fact sheet(last one sept 2008).

[bigbullman2] 19/4/2009 15:55

you are not the only holder. They need to make a few disposals to ensure the covenants remain ok, but small lot size means that wont be a problem. Last stated NAV 109p. Bottom of the cycle NAV 75p? its way the wrong price.

[ydderf] 18/4/2009 13:11

Is this the cheapest of the few remaining seriously run property investment trusts?

Or have I missed something?

If everything is as stated - the price is only going one way surely?

And am I the only ADVFN holder?

We should be told.........